Argentine country risk drops on debt swap terms

BUENOS AIRES, March 25 (BestGrowthStock) – Argentina’s country risk
dropped on Thursday morning after the government filed with
financial authorities in Japan the details of its proposed debt
swap.

Argentina’s risk spread, the spread of its benchmark debt
over U.S. Treasuries, dropped 24 basis points to 632 basis
points, its tightest level since August 2008.(11EMJ: )

A successful swap of defaulted debt would help lower
Argentina’s borrowing costs in international finance markets.

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(Reporting by Fiona Ortiz; Editing by Padraic Cassidy)

Argentine country risk drops on debt swap terms